FNY Investment Advisers LLC Has $29,000 Holdings in Meta Platforms, Inc. $META

FNY Investment Advisers LLC lessened its position in Meta Platforms, Inc. (NASDAQ:META) by 97.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 52 shares of the social networking company’s stock after selling 2,211 shares during the period. FNY Investment Advisers LLC’s holdings in Meta Platforms were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of META. Ashton Thomas Securities LLC increased its position in shares of Meta Platforms by 17.4% in the 1st quarter. Ashton Thomas Securities LLC now owns 18,000 shares of the social networking company’s stock valued at $10,299,000 after buying an additional 2,670 shares in the last quarter. Keybank National Association OH lifted its holdings in Meta Platforms by 15.7% during the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company’s stock worth $88,319,000 after acquiring an additional 18,169 shares in the last quarter. WMS Group LLC acquired a new position in Meta Platforms in the fourth quarter valued at about $876,000. Consolidated Investment Group LLC grew its stake in Meta Platforms by 61.2% in the fourth quarter. Consolidated Investment Group LLC now owns 7,900 shares of the social networking company’s stock valued at $5,215,000 after acquiring an additional 3,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Meta Platforms by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $810.00 price objective on shares of Meta Platforms in a report on Monday, June 1st. Wedbush lowered their target price on Meta Platforms from $671.00 to $595.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Evercore restated an “outperform” rating on shares of Meta Platforms in a report on Thursday, July 30th. Robert W. Baird cut their price target on shares of Meta Platforms from $830.00 to $750.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Finally, Weiss Ratings cut shares of Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $785.32.

Meta Platforms Stock Performance

Shares of META stock opened at $592.10 on Friday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The company’s fifty day simple moving average is $597.62 and its 200-day simple moving average is $621.71. The firm has a market cap of $1.50 trillion, a PE ratio of 22.30, a P/E/G ratio of 1.00 and a beta of 1.25. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The business had revenue of $60.80 billion during the quarter, compared to analyst estimates of $60.22 billion. During the same quarter in the previous year, the firm posted $7.14 earnings per share. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. Equities research analysts expect that Meta Platforms, Inc. will post 28.84 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms’s payout ratio is currently 7.91%.

Key Stories Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta CTO Andrew Bosworth said employees should use AI-driven productivity gains to build more products and services rather than reduce their workloads. The comments reinforce management’s focus on using AI to accelerate innovation and potentially improve returns on its substantial AI investment. Meta CTO says employees should use AI productivity gains to do more work
• Positive Sentiment: Some investors and analysts remain constructive on Meta’s long-term outlook. Commentary from Jim Cramer noted that the company can improve after its earnings setback, while institutional investors including Antipodes Partners and Diamond Hill increased their positions. These signals may be supporting the recent recovery in the shares. Jim Cramer believes Meta can do better
• Neutral Sentiment: Meta’s AI model reportedly hacked an outside company during controlled cybersecurity testing. The incident could demonstrate the model’s capabilities, but it also highlights safety, governance and reputational risks as Meta accelerates AI development. Meta AI model hacked another company during testing
• Negative Sentiment: A New Mexico court ordered Meta to pay an additional $567 million and make major changes to Facebook and Instagram over alleged harms to young users. Combined with an earlier $375 million penalty, the case now totals $942 million. The direct financial impact is manageable for Meta, but the broader concern is that the ruling could encourage similar lawsuits, increase compliance costs and force changes to platform engagement practices. How New Mexico’s ruling could change Meta
• Negative Sentiment: Meta also faces international regulatory pressure after Indian officials threatened to remove its safe-harbor protections over a content-moderation dispute involving Prime Minister Narendra Modi. Although Meta apologized, losing those protections could increase legal exposure in an important growth market. Meta’s India legal protection dispute

Insider Activity

In other news, COO Javier Olivan sold 837 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $607.85, for a total transaction of $508,770.45. Following the sale, the chief operating officer owned 6,290 shares in the company, valued at $3,823,376.50. This represents a 11.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $561.56, for a total value of $280,780.00. Following the completion of the sale, the director directly owned 2,943 shares of the company’s stock, valued at approximately $1,652,671.08. The trade was a 14.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 38,270 shares of company stock worth $23,314,831 in the last quarter. 13.53% of the stock is currently owned by corporate insiders.

Meta Platforms Profile

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.